Sale of partly paid share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
A LTD. ALLOTED PARTLY PAID SHARE TO B LTD. AFTER THAT B LTD. SHOW IN BOOKS PURCHAE OF PARTLY PAID SHARE
MY QUESTION IS
CAN HE SALE THE PARTLY PAID SHARES, IF SALE THEN WHAT WILL BE THE INCOME TAX TREATMENT
MY QUESTION IS
CAN HE SALE THE PARTLY PAID SHARES, IF SALE THEN WHAT WILL BE THE INCOME TAX TREATMENT
08 February 2013
Partly paid shares can be sold. There will not be any separate treatment for sale of partly paid shares in IT.
Sale consideration - Cost / Indexed cost of acquisition is chargeable to tax.
Sale consideration - Cost / Indexed cost of acquisition is chargeable to tax.
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